Financial Advice

Sort by:

  • Advice

    A Tax Credit That May Cost You

    Tax credits are supposed to save you money, but thanks to one created in 2009, your refund may be reduced this year, or worse, you may actually owe money on your tax return.

  • Advice

    The Dos and Don'ts of Deductions

    Hopefully, by now you have started the process of preparing your tax return. You should be compiling a list of all the expenses you had in 2010 in every allowable deduction category.

  • Advice

    Money Is No Objective

    Back Stage spoke with four performers at different stages of their careers to find out how they make it in New York City.

  • Advice

    Watch Your Withholding

    Like most actors, I didn't like seeing so much of my income taken out of my paychecks for taxes. But you can't very well let the government keep as little as possible and then expect a big refund.

  • Advice

    Some Tax Myths Debunked

    This week I thought I'd take on a few durable tax myths. Free yourself of these misconceptions, and your filing can be a much happier and more productive experience.

  • Advice

    Congress Can Procrastinate, But You Shouldn't

    Despite what most people think, the Internal Revenue Service does not make the rules that it enforces.

  • Advice

    Finding a Good Preparer

    I lost money because my preparer didn't know how to make the best use of deductions on my tax return. The returns weren't wrong; they just weren't as right as they could have been.

  • Advice

    Preparing Your Return

    There is no simple way to put in plain words how a tax return gets prepared. It's like explaining something to a child who keeps asking "Why?" Every time you clarify one part, you have to explain something else.

  • Advice

    The IRS on the Prowl

    Last month the IRS announced that the number of audited returns had increased by 11 percent over the previous year. But you usually can't get into trouble if you tell the truth and file your returns on time.

  • Advice

    'Tis the Season to Get Prepared

    Acting opportunities slow down during the holiday season. You should use some of this available time to get started compiling your tax data. Better preparation leads to a larger refund, and most performers can always use more income.